We are happy you have considered the USF Health Morsani College of Medicine as your next academic endeavor. Please take the time to read all of the information provided. It is a valuable resource for the federal and College financial aid processes and will offer the tools you need for financing your medical education.
It is the intention of the USF Health Office of Financial Aid to help you find a suitable method of funding your medical school education. We want you to begin thinking on the right track regarding financial aid and address important issues for your consideration regarding financial aid.
All aid applications, information regarding loan periods and disbursements, inquiries, and correspondence must be directly sent to:
University of South Florida
USF Health Financial Aid Office, MDC Box 42
12901 Bruce B. Downs Blvd.
Tampa, FL 33612-4799
Scholarship funds from any outside agency such as a hometown hospital, church group, etc. must include the student’s name and UID directly on the check. These checks should be mailed to:
University of South Florida
P.O. Box 864571
Orlando, FL 32886-4571
"Financial aid" does not mean grants or scholarships exclusively. Loans (frequently high interest loans), employment, and making an effort to reduce spending all fall under the heading of financial aid. Financial aid officers in medical schools across the country have become more "budget counselors" and "debt management counselors" than "financial aid counselors". The USF Morsani College of Medicine has limited grant and scholarship funds which are not sufficient to offset the fact that you may need to take out loans to pay for your medical education. There are several loan programs available for MD students. Our office will help you with the application for those loans, advise you on the "best" loan programs available, and counsel you on how to keep your borrowing to a minimum.
Fortunately, we still have a low tuition compared to other medical schools in this country. Even with that said our students HAVE HAD TO: 1) make adjustments in their life styles to allow for serious cuts in their spending; 2) work during the summers and save money to help pay for their education; 3) receive financial assistance from parents, grandparents, etc.; and 4) have their spouse obtain employment to help with expenses.
Paying for your medical education is an issue that requires immediate and serious attention from you and your entire family. The financial aid funds available for medical students are almost exclusively federal funds and are therefore subject to rather strict federal guidelines with regard to student qualification. This office must adhere to and enforce the federal guidelines. The USF Health Morsani College of Medicine has adopted most of the same federal policies for awarding their limited institutional funds. The policies are based on the assumption that your medical education is a priority for you and your family; therefore, paying for your medical education will likewise be a priority. We are very sensitive to the fact that professional students would like to be "independent" of their families; however, you cannot be "independent" if you are simply transferring your financial dependence from your family to the Federal Government, or to this school. We also understand that students do not wish to burden their families, even when they are willing and able to help financially. Remember the loans you borrow now must be repaid. By making every effort to obtain family support, living on a frugal budget, and keeping your borrowing to a minimum you will be rewarded by having low monthly payments once your repayment begins.
More detailed information about the financial aid programs can be found under the "Sources of Financial Aid" link on the Financial Aid web site. You will be receiving correspondence from the USF Health Morsani College of Medicine Student Affairs Office under separate cover, which will provide you with information about the curriculum, student health issues, tuition, and other items of interest.
We welcome you to the USF Health Morsani College of Medicine family and look forward to working with you in the coming years.
USF Health Office of Financial Aid